Mullen Group Ltd. (TSE:MTL) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Mullen Group Ltd. (TSE:MTL) have been given a consensus rating of “Moderate Buy” by the nine research firms that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is C$17.89.

MTL has been the topic of several research analyst reports. Raymond James decreased their price objective on shares of Mullen Group from C$17.00 to C$16.50 and set a “market perform” rating on the stock in a research report on Friday, April 26th. CIBC decreased their price objective on shares of Mullen Group from C$17.00 to C$16.00 and set an “outperform” rating on the stock in a research report on Friday, April 26th. Royal Bank of Canada decreased their price objective on shares of Mullen Group from C$17.00 to C$16.00 and set an “outperform” rating on the stock in a research report on Friday, April 26th. National Bankshares decreased their price objective on shares of Mullen Group from C$19.50 to C$18.00 and set an “outperform” rating on the stock in a research report on Friday, April 26th. Finally, BMO Capital Markets reduced their price target on shares of Mullen Group from C$16.00 to C$14.50 in a research report on Friday, April 26th.

Mullen Group Trading Down 1.0 %

Shares of Mullen Group stock opened at C$13.01 on Wednesday. Mullen Group has a 12-month low of C$12.47 and a 12-month high of C$16.20. The company has a market cap of C$1.15 billion, a price-to-earnings ratio of 9.50, a PEG ratio of 1.81 and a beta of 1.81. The company has a current ratio of 0.78, a quick ratio of 1.06 and a debt-to-equity ratio of 80.16. The company’s 50-day moving average price is C$12.93 and its 200-day moving average price is C$14.03.

Mullen Group (TSE:MTL) last announced its quarterly earnings results on Thursday, April 25th. The company reported C$0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.30 by C($0.05). Mullen Group had a return on equity of 13.19% and a net margin of 6.49%. The firm had revenue of C$462.60 million during the quarter, compared to analysts’ expectations of C$501.00 million. On average, equities analysts expect that Mullen Group will post 1.2780488 earnings per share for the current fiscal year.

Mullen Group Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, July 15th. Stockholders of record on Sunday, June 30th will be issued a $0.06 dividend. This represents a $0.72 annualized dividend and a dividend yield of 5.53%. The ex-dividend date of this dividend is Friday, June 28th. Mullen Group’s dividend payout ratio is 52.55%.

Insider Transactions at Mullen Group

In other Mullen Group news, Senior Officer Carson Paul Urlacher purchased 25,000 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The stock was bought at an average price of C$12.90 per share, with a total value of C$322,500.00. Company insiders own 6.30% of the company’s stock.

Mullen Group Company Profile

Mullen Group Ltd. provides a range of trucking and logistics services in Canada and the United States. The Less-Than-Truckload segment delivers general freight consisting of smaller shipments, packages, and parcels; and pharmaceutical and package products. The Logistics & Warehousing segment offers full truckload, specialized transportation, warehousing, and fulfillment centers that handle e-commerce transactions and transload facilities for intermodal and bulk shipments; technology solutions, including transportation, inventory, and warehouse management systems; and warehousing and distribution services.